India: JK Lakshmi Cement recorded consolidated sales of US$209m in the first quarter of the 2023 financial year, up by 25% year-on-year from US$167m in the first quarter of the 2022 financial year. The group’s net profit was US$14.5m, down by 15% from US$17.2m.
ZeeBiz News has reported that the producer experienced a 29% year-on-year increase in costs to US$188m, which it attributed to rising global fossil fuel prices.